A Team With A Vision And Passion For Execution
September 2019, marked yet another historic milestone in the ever-evolving story of the Access group of companies, which are now officially consolidated under a single holding structure.
Holding company (Access Holding Limited) has announced that it has completed the consolidation of its three businesses: Access Power Limited, Access Future Metals Holding Limited, and Access Real Estate Limited. As an outcome of the restructuring, Access Holding Limited is expected to book a net asset value of between $300 million and $350 million.
Beyond the consolidation, and yet another success, Access Power Limited has completed the sale of 334 MW of its power assets that are in operation or under construction. This is inline with its strategy to maximize capital gains by focusing on the development of power assets (the most lucrative part of the value chain in this asset class). This sale marks the third successful exit for Access Power in eight years, adding to its enviable track record. Access Power will now focus all of its resources towards the development of its 750 MW pipeline of power assets located in several emerging markets.
As the world moves towards more sustainable energy solutions, the demand for green and clean energy is constantly increasing, leading to a rapid growth in the production of electric vehicles around the world. The future will inevitably be electric. With a strong vision, passion and drive for sustainability, Access Future Metals Holding Limited is positioning itself to provide a gateway for battery manufacturers to have access to the minerals used in the production of energy storage devices at the lowest prices possible. Which will in turn enable a more rapid move towards electric cars and electricity storage.
After setting up a holding subsidiary in Switzerland, Access Future Metals Holding Limited says it is now contemplating an initial public offering. A mining company solely dedicated to exploration, development and the mining of energy minerals that go into the value chain of the everexpanding battery industry, the company says it has 10 exploration/mining licenses across Africa and Asia (mainly focused on Lithium and Cobalt prospects). The company expects to soon announce the completion of a feasibility study and exploration stage of its first mining asset.
On the real estate side, Access Real Estate Limited continues to be bullish on the Dubai market both for residential and commercial properties. The company has also now started its foray into international markets and real estate development. It expects to make its first major international investments in Spain, Greece and Portugal.